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How much will Child Tax Credit be for 2023?

Tax credit per child for 2023 The maximum tax credit per qualifying child is $2,000 for children under 17. For the refundable portion of the credit (or the additional child tax credit), you may receive up to $1,600 per qualifying child.

What is the new Child Tax Credit in Oregon?

New for tax year 2023, the Oregon Kids Credit is a refundable credit for low-income people with young dependent children. For those with a modified adjusted gross income (AGI) of $25,000 or less, the full credit is $1,000 per child for up to five dependent children ages 0 to 5 at the end of the tax year.

What is the Child Tax Credit for 2025?

While the temporary expansions to these tax credits have ended, the credits continue to provide valuable support to thousands of households. If eligible, you can still claim the expanded Child Tax Credit up to $3600 per qualifying child by filing a 2021 tax return by April 18, 2025.

What is the Child Tax Credit for 2024?

For the 2024 tax year (tax returns filed in 2025), the child tax credit will be worth $2,000 per qualifying child, with $1,700 being potentially refundable through the additional child tax credit.

How much is the child tax credit in Oregon?

The new Oregon child tax credit, known as the Oregon Kids Credit, is worth up to $1,000 and is completely refundable. That means eligible taxpayers can receive the credit back as a tax refund.

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